SunTrust Profit Boosted By Lower Tax Rate

SunTrust Banks Inc.'s fourth-quarter profit rose almost fivefold from a year earlier, lifted by the one-time impact of a lower tax rate, but revenue fell short of analyst estimates.

Earnings of 65 cents per share were 4 cents better than analysts had expected, but the bank's fourth-quarter tax rate was only 15%, compared with the 34% rate in the third quarter. Excluding the impact of lower taxes, the earnings would have been only 52...